JAPAN: Shoe Firm Secaicho To Hold Business Tie-Up Talks

Leading Japanese footwear manufacturer Secaicho Corp revealed today it plans to hold talks with Hong Kong-based shoe products maker Pegasus International Holdings Ltd about forming a capital and business tie-up.

Secaicho, which makes rubber shoes, said in a news release it will issue new shares worth $5-8 million for allocation to the Pegasus group and would set details in early April.